101 N Washington St - Warehouse FOR SALE


Hanover, IL 61041
$3,500,000 USD
800-684-9238
101 N Washington St, Hanover, IL for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/45
null | Request Cap Rate

Aug '25


101 N Washington St
Hanover, IL 61041


OVERVIEW

A Hidden Industrial Gem in Hanover, IL -- just 28 miles from Galena, IL and 30 miles south-east of Dubuque, IA (54 minutes to Dubuque Regional Airport) and great logistics (near Rte 84). The 2 adjacent industrial buildings total 109,380 combined sq ft on 30 acres of land along Apple River. Abundant parking with more than 100 spaces. The was previously occupied by a HEMP grower and separately, a cannabis operator and is suitable for any grower, processor and retail dispensary owner with the proper licensing. More than sufficient warehouse and distribution capabilities and very low real estate taxes and local business incentives from Jo Daviess County. 5000 AMPs of power added and building has 20 ft ceilings for a mezzanine grow. PERFECT FOR: Cultivation, Distribution, Manufacturing and Dispensary Operations. SUMMARY: This has been operational and is built-out and turnkey for the right licensed operators. More than $1,000,000 in cultivation, extraction and infusion equipment. Green zoned approved and sufficient real estate for expansion. The building includes a loft residential living space. CONDITIONAL USE PERMIT GRANTED. No licenses included, just the real estate only.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront, Telecom Hotel/Data Hosting, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1921

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

25 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

100

LAND DETAILS

LAND ACRES

30

LAND SF

1,306,800

ZONING

I-1

APN/PARCEL ID

09-001-317-00,09-001-317-10,09-001-317-20,09-001-317-30

ASK ABOUT THIS PROPERTY

David HoferHighway 33 Capital AdvisoryMore Info
800-684-9238

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David HoferHighway 33 Capital AdvisoryMore Info
800-684-9238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.